Freshpet Raises 2026 Sales Growth Outlook to 12% to 13%

Freshpet, Inc. raised its 2026 net sales growth outlook to 12% to 13% after third-quarter sales increased 10% on volume, while also lifting its adjusted EBITDA outlook to $215 million to $220 million.

The company reiterated its goal of at least 49% adjusted gross margin in 2027. Third-quarter adjusted gross margin was 50%, and sales growth was driven entirely by volume.

Management described ingredient and packaging costs as longer-term pressures and said logistics costs remain high. Freshpet plans selective price increases in 2027.

Planned manufacturing downtime and staffing for Homestyle Creations are expected to weigh on fourth-quarter adjusted gross margin sequentially. Management said adjusted gross margin could be flat to down year over year.

The outlook update follows Freshpet’s third-quarter results.